A Beck Foundation for Hope Inc

Analysis

A Beck Foundation for Hope Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, A Beck Foundation for Hope Inc reported income of $1.2m and spending of $1.2m, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $915k to $1.2m (+27%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, A Beck Foundation for Hope Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Ambassadors for Christ International-Usa Inc ($1.2m), Mark Inc Ministries ($1.2m) and American Friends of Aram Soba ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $208k (18% of expenses). Other salaries and wages came to $441k. At year end it held assets of $747k against liabilities of $600k, net assets of $146k. It reported 16 employees.